iShares MSCI USA Quality GARP ETF $GARP Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its holdings in iShares MSCI USA Quality GARP ETF (NYSEARCA:GARP) by 169.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,388 shares of the company’s stock after buying an additional 90,812 shares during the period. Envestnet Asset Management Inc. owned about 0.83% of iShares MSCI USA Quality GARP ETF worth $9,478,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in GARP. D Orazio & Associates Inc. raised its stake in iShares MSCI USA Quality GARP ETF by 146.3% during the 2nd quarter. D Orazio & Associates Inc. now owns 122,431 shares of the company’s stock worth $7,392,000 after acquiring an additional 72,721 shares in the last quarter. Leavell Investment Management Inc. grew its holdings in shares of iShares MSCI USA Quality GARP ETF by 148.0% during the third quarter. Leavell Investment Management Inc. now owns 16,804 shares of the company’s stock worth $1,103,000 after purchasing an additional 10,029 shares during the last quarter. Thoroughbred Financial Services LLC purchased a new position in shares of iShares MSCI USA Quality GARP ETF during the second quarter worth about $1,385,000. CGN Advisors LLC acquired a new stake in shares of iShares MSCI USA Quality GARP ETF during the third quarter worth about $4,606,000. Finally, D.A. Davidson & CO. purchased a new stake in shares of iShares MSCI USA Quality GARP ETF in the 2nd quarter valued at about $216,000.

iShares MSCI USA Quality GARP ETF Trading Up 0.6%

Shares of NYSEARCA GARP opened at $67.98 on Thursday. The stock has a market cap of $1.22 billion, a P/E ratio of 30.61 and a beta of 1.14. iShares MSCI USA Quality GARP ETF has a twelve month low of $43.02 and a twelve month high of $71.50. The stock has a 50 day moving average of $68.80 and a two-hundred day moving average of $66.53.

About iShares MSCI USA Quality GARP ETF

The iShares MSCI USA Quality GARP ETF (GARP) is an exchange-traded fund that is based on the MSCI USA Quality GARP Select index. The fund tracks an index of US large- and mid-cap growth stocks with perceived quality and value characteristics. GARP was launched on Jun 14, 2020 and is issued by BlackRock.